The Bay Area News Group (also known as BANG) will be reducing staff through buyouts from its subsidiaries before layoffs will take place in the coming months. The impacted divisions include The Mercury News and the East Bay Times. The Bay Area News Group is owned by Digital First Media Inc., which is owned by Alden (more…)
With Super Bowl LII (Super Bowl 52) taking place on Sunday, February 4, it brings up a debate of whether the day following the Super Bowl day should be officially considered a holiday. It is expected that this year, lost productivity on the day after the Super Bowl will cost employers more than $3.0 billion. (more…)
Las Vegas could see approximately 65% of its human jobs being lost to automation; this is according to new research that has been completed by the Institute for Spatial Economic Analysis (ISEA).
President Donald Trump’s administration is currently working to change the policy regarding Medicaid eligibility. Specifically, the new rules would allow individual states to introduce Medicaid work requirements in order to receive funding. However, Kansas’ welfare reform has shed some light on potential flaws with the Trump Medicaid plan. According to the Trump administration proposal, each (more…)
Capital One Layoffs 2018 Capital One Financial Corp. (NYSE:COF) will be reducing its employee headcount by 180 people at its Wilmington, Delaware office by handing out layoff notices. There are two reasons for this recent move by the senior management team. The first is that Capital One is selling its brokerage business to E*TRADE Financial (more…)
Pennsylvania resident’s lack of retirement savings could cost the state $14.3 billion by 2030. This is based on a study completed by Econsult Solutions Inc., which provides economic consulting services, public policy, and finance, as some of its services. Initially, the study was commissioned by the Pennsylvania Treasury, in order to determine the impact of insufficient (more…)
Iowa Senators have proposed to trim the state’s current fiscal budget by $52.0 million. Presently, the senate house is majority-represented by the Republican Party. With this decision, there has been a lot of pushback from Democratic senators and those who would be impacted by the proposed Iowa budget cuts.
U.S. adults living with diabetes are spending twice as much on their medical expenses compared to Americans who are free of the disease, and this is negatively affecting their finances. This is the finding of a survey of 1,000 U.S. adults aged 26 to 64. Half of the survey takers had diabetes and the other (more…)
Insurance losses from the Thomas Fire in Southern California are expected to be at a minimum of $1.0 billion and reach as high as $2.5 billion. This is according to a catastrophe model that was completed by Risk Management Solutions (RMS), a data analysis firm based in California.
In 2017, four Wall Street banks suffered a combined $12.5 billion in losses from their credit card divisions. This is quite concerning, since the losses are roughly $2.0 billion more than what those banks reported in 2016.